The
global oil shale market revenue stood at USD 1,134.60 million in 2013
and is projected to reach USD 7,400.70 million by 2020, expanding at
a CAGR of 27.34% between 2014 and 2022.
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Oil Shale Market Report with Full TOC at
http://www.transparencymarketresearch.com/oil-shale-market.html
The
report also provides both revenue and volume for the application
segments. According to the report, the global oil shale market
revenue (for electricity, upgraded and non-upgraded products) stood
at USD 2,086.61 million in 2013 and is projected to reach USD
11,880.99 million by 2022, expanding at a CAGR of 23.4% between 2014
and 2022.
The
report segments the global oil shale market on the basis of both
process and application. In terms of process, the market is divided
into ex-situ and in-situ segments. The revenue realization for
process is done by multiplying the shale oil produced with forecasted
crude oil prices. However, the actual revenue realization occurs
through the sale of upgraded and non-upgraded products, which are
provided under the application segmentation of the report.
The
in-situ retorting technologies can further be classified into true
in-situ and modified in-situ retorting technologies. In true in-situ
method, post fracturing the oil shale rocks are subjected to high
temperatures (a hot gas mixture is used to heat oil shale) to achieve
the temperature suitable to cause pyrolysis (600 to 800 degree
Fahrenheit). Modified in-situ retorting was first developed by
Occidental Petroleum and involves fracturing of the oil shale deposit
to create voids. The voids created through fracturing enable better
movement of gases, thereby improving the volume and quality of shale
oil released. Red Leaf Resources is expected to achieve breakthrough
by developing a commercial demonstration plant during the forecast
period through its hybrid EcoShale In-Capsule technology.
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The
application segments provides the revenues after the sale of
electricity produced from the oil shale and the non-upgraded and
upgraded products obtained after retorting. Estonia is one of the
major producers of electricity from oil shale. The Eesti and Balti
oil shale fired power plants generate a major portion of the total
electricity produced by the country. Apart from Estonia, oil shale
power plants are also scheduled to commence operations in Jordan and
China.
Currently,
most of the shale oil produced is directly sold without refining for
the heating and bunkering applications. However, with the rising
demand for transportation fuel and advancements in retorting
technologies we can expect a significant growth in the upgraded
segment as well.
Key
participants in the global shale oil market include Viru Keemia Grupp
AS, Petróleo Brasileiro S.A., Exxon Mobil Corporation, Global Oil
Shale Group Limited, Queensland Energy Resources Ltd, Questerre
Energy Corporation, Jordan Oil Shale Company B.V., Fushun Mining
Group Co., Ltd, Chevron Corporation, BNK Petroleum Inc., Eesti
Energia AS, and Red Leaf Resources, Inc. The company profiles cover
major market players in the oil shale market. The report provides an
overview of these companies, followed by their financial revenues (on
availability), business strategies, and recent developments.
The
research study analyzes and estimates the market size in terms of
market revenue (USD Million) and market volume (Million Barrels). The
research covers a comprehensive analysis of key players operating in
the oil shale market.
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Press Release Of Oil Shale Market
http://www.transparencymarketresearch.com/pressrelease/oil-shale-market.htm
The
global oil shale market is segmented as follows:
Global
Oil Shale Market: Process Analysis
- In-Situ
- Ex-Situ
Global
Oil Shale Market: Application Analysis
- Electricity
- Non-upgraded
- Upgraded
Global
Oil Shale Market: Regional Analysis
North
America
U.S.
Europe
Estonia
Asia
Pacific
China
Australia
Middle
East & Africa
Jordan
Morocco
Latin
America
Brazil
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